https://www.wsj.com/articles/home-prices-housing-market-trends-east-west-83c9eb56 Skip to Main Content SubscribeSign In SubscribeSign In This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ home-prices-housing-market-trends-east-west-83c9eb56 A Tale of Two Housing Markets: Prices Fall in the West While the East Booms In an unusual pattern, the 12 major housing markets west of Texas, plus Austin, saw home prices fall in January, while the opposite happened in the rest of the country Seattle home prices fell 7.5% in January from a year earlier. Seattle home prices fell 7.5% in January from a year earlier. Chona Kasinger for The Wall Street Journal By Nicole Friedman March 27, 2023 10:56 am ET Listen to article (2 minutes) The United States is a country of two housing markets. In one, home prices are falling from a year ago. In the other, they're still posting annual gains. That division runs right down the center of the U.S. In all of the 12 major housing markets west of Texas, plus Austin, home prices fell in January on an annual basis, according to mortgage-data firm Black Knight Inc.'s home-price index. In the 37 biggest metro areas east of Colorado, except Austin, home prices rose year-over-year. 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All Rights Reserved. Copyright (c)2023 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.